Debt Consolidation Loan vs. Balance Transfer at a Glance This table provides a quick look at some of the key differences between debt consolidation loans and balance transfers, helping you choose the right strategy for your unique financial situation. What Are Debt Consolidation Loans? Debt consolidation loans are personal loans used to help people manage…
Birmingham City Council had to issue a section 114 notice in August 2023 facing a bill for equal pay claims of up to 760m. Photo by Shutterstock Councils across the country find themselves in a turbulent financial position. Since 2021 five local authorities have declared themselves effectively bankrupt, with a raft of councils warning they…
Taking steps to pay off your debt can have a big (and positive) impact on your overall financial health. Getty Images/iStockphoto Debt can be a significant burden on your financial well-being. After all, being in debt especially when it comes to high-interest credit card debt can have a big impact on various aspects of your…
David, 33, and Halima, 37, have nearly $520,000 in debt. But, “I actually feel like I’m rich,” David told self-made millionaire Ramit Sethi on his “I Will Teach You to be Rich” podcast in December. Their last names were not used. The couple earns a combined $192,528 a year and the mortgage on their New…
Galeria Karstadt Kaufhof is seeking a new owner, whose real estate group has made several insolvency filings. ADVERTISEMENT Germany’s last remaining major department store chain has filed for insolvency protection, its third filing in less than four years, after its owner ran into difficulties. Galeria Karstadt Kaufhof, which currently runs 92 stores and employs more…
Most Americans with card debt have not outlined a way to bring it down, a new report says. There are ways to get help. As 2024 dawns, Americans credit card debt and late payments are rising, and card interest rates remain high, but many people lack a plan to pay down their debt. If your…
As President Joe Biden kicks off his 2024 reelection, he says he wants to “act as quickly as possible to give more borrowers breathing room” on their student debt. | Evan Vucci/AP President Joe Biden is adding a new tool to his arsenal for canceling student debt in the coming months as his 2024 reelection…
The Biden Administration is rolling out another pathway to debt relief for certain student loan borrowers next month. The program targets people who took out smaller loan balances initially and have been paying their loans down for over a decade, unable to get out from under the debt. It’s a component of the SAVE Plan,…
Ryan Falkenberg, co-CEO, CLEVVA. There is no escaping the fact that South Africa has a severe and deep-seated debt problem. The average household spent nearly 62% of its income on servicing debt in 2022. While thats slightly down from the 66.1% they spent in 2021, there are other indicators that consumer debt troubles are getting…
Katie is now fighting to retain her 2 million Sussex home, famously known as the ‘Mucky Mansion’ Katie Price has successfully avoided her sixth bankruptcy court hearing related to her 3.2 million debt repayment. The 42-year-old former glamour model was originally scheduled to appear at an insolvency court in London next month, but the case…